Google Acquires Motorola Mobility to Supercharge Android

From X-bit Labs: In a bid to more competitively compete against Apple, Nokia and other makers of mobile phones, Google on Monday said it would buy Motorola, once a successful supplier of mobile phones.

Google entered into a definitive agreement under which it will acquire Motorola Mobility for $40 per share in cash, or a total of about $12.5 billion, a premium of 63% to the closing price of Motorola Mobility shares on Friday, August 12, 2011. The transaction was unanimously approved by the boards of directors of both companies.

The acquisition of Motorola Mobility, a dedicated Android partner, will enable Google to supercharge the Android ecosystem and will enhance competition in mobile computing. Motorola Mobility will remain a licensee of Android and Android will remain open. Google will run Motorola Mobility as a separate business.

“Motorola Mobility’s total commitment to Android has created a natural fit for our two companies. Together, we will create amazing user experiences that supercharge the entire Android ecosystem for the benefit of consumers, partners and developers. I look forward to welcoming Motorolans to our family of Googlers,” said Larry Page, chief executive officer of Google.

Today, more than 150 million Android devices have been activated worldwide, over 550,000 devices now lit up every day, through a network of about 39 manufacturers and 231 carriers in 123 countries.

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